Singapore Exchange booked all costs associated with the failed merger bid with Australia’s ASX (ASX.AX) in the third quarter, its chief executive Magnus Bocker said on Tuesday.
SGX posted its lowest quarterly profit in two years, hurt by costs related to the failed US$8 billion ($10 billion) takeover bid for rival ASX (ASX.AX) and putting the spotlight on Bocker’s growth strategy.
SGX posted its lowest quarterly profit in two years, hurt by costs related to the failed US$8 billion ($10 billion) takeover bid for rival ASX (ASX.AX) and putting the spotlight on Bocker’s growth strategy.
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